Home / Landscape / Turnover and sales up, but profits down as Evans invests
Weather and investment in online and stores takes toll on profits

Turnover and sales up, but profits down as Evans invests

Evans Cycles has revealed a rise in sales and turnover in the year till November.

According to City AM, sales rose 11 per cent with turnover up £94.3m to £104.9m. However, pre-tax profits down 70 per cent to £269,000 from £893,000.

According to Retail Week, the fall is down to investment in new stores, Evan’s website, new IT systems – and weather. 

Evans told RW: "We continued investing in stores and systems despite it being a tough year. We achieved sales growth and flat profits, which we are proud of."

There’s more financial news from the cycle industry here.

Check Also

Northern Ireland Government department wins award as cycle-friendly employer

The Department for Infrastructure (DfI), which is responsible for promoting cycling and developing better walking …